Robinhood quarterly revenue drops by almost half
Illustration by Alex Castro / The Verge
Robinhood’s transaction-based revenue in the second quarter of 2022 fell to $202 million from $451 million in the second quarter last year, a drop of more than half. The picture of the overall revenue isn’t much better: down 44 percent to $318 million from $565 million a year ago. Yes, about a quarter of the company is getting fired.
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